Infrastructure

JD Sports steps up US push with $1.1bn Hibbett acquisition

Last updated : Apr 25, 2024 13:04

SportzPower Team

Apr 24, 2024 20:04

Read more about JD Sports steps up US push with $1.1bn Hibbett acquisition
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British sportswear retailer JD Sports Fashion Plc has entered into a definitive agreement to wholly acquire “highly complementary” US sports apparel and equipment retailer Hibbett, Inc. to speed up its US expansion and enhance its presence in “the world’s biggest and most attractive sportswear market”.

Under the terms of the deal, Birmingham, Alabama-based Hibbett’s outstanding shares will be sold to JD Sports for $87.50 per share in cash for an aggregate enterprise value of approximately $1.1 billion.

Feb 05, 2024 18:02

FIFA World Cup '26 schedule revealed; final in New Jersey

FIFA on Sunday revealed the match schedule for the World Cup 2026, which will be co-hosted by USA, Mexico and Canada, with the final to be held in New York New Jersey on Sunday, 19 July 2026 and the opening match featuring the Mexican national team scheduled to be played at the iconic Estadio Azteca Mexico City on Thursday, 11 June 2026.

Jan 30, 2024 19:01

RWITC members ok BMC takeover of Mahalaxmi Racecourse

MUMBAI: A majority of the 700-odd members of the Royal Western India Turf Club (RWITC) who participated at an Extraordinary General Meeting (EGM) voted in favour on Monday to the Brihanmumbai Municipal Corporation’s (BMC) proposal to acquire 120 acres of Mahalaxmi Racecourse land to build a theme park and shift the stables to another part of the property.

Jan 29, 2024 18:01

Madrid to join F1 calendar from 2026 in new long-term deal

Formula 1 has announced that the Spanish Grand Prix will be held in Madrid from 2026 to 2035 inclusive following an agreement with IFEMA MADRID to bring a brand-new circuit to the Spanish capital, which will incorporate both street and non-street sections.

Jan 22, 2024 16:01

MIC secures CIK approval for Rs16cr karting track

CHENNAI: India’s latest CIK-approved karting track, measuring about 1.2 Kms, is set for inauguration later this year at the Madras International Circuit premises, Sriperumbudur, according to Madras Motor Sports Club vice-president Vicky Chandhok.

Jan 18, 2024 17:01

New York venue to host T20 World Cup matches unveiled

The construction of a new modular stadium, Nassau County International Cricket Stadium in New York, a first of its kind for cricket, is underway and is expected to be completed within a mere three months. The 34,000-seat stadium is scheduled to host eight matches at the ICC Men’s T20 World Cup 2024, including the high-profile fixture between India and Pakistan on 9 June.

Jan 16, 2024 16:01

GMR Sports enters fitness arena with Yoddhas Gym in Hyderabad

HYDERABAD: GMR Sports, the sports vertical of GMR Group, Tuesday announced the launch of a unique state-of-the art gym, Yoddhas Gym, in Hyderabad. The GMR group, a pioneer in creating a sporting ecosystem in India through their various teams in Cricket, Kabaddi and Kho-Kho along with academies have now forayed into fitness with the Yoddhas Gym.

Jan 11, 2024 11:01

IIS adds talented names to swimming programme

BELLARY, Karnataka: Inspire Institute of Sport (IIS) announced on Tuesday that it had added swimmers Maana Patel, Kushagra Rawat, Ishaan Mehra, Astha Choudhury, Ashmitha Chandra and Bikram Changmai, amongst others to its swimming programme, headquartered at its state-of-the-art facilities in Vidyanagar, in Karnataka.

Jan 10, 2024 19:01

South United Football Club launches 3 training centres in Pune

PUNE: South United Football Club (SUFC), which lays claim to being "the country’s only profitable private club", has announced the opening of three training centres in Pune, with the stated aim being to bolster the rich footballing culture of the city and make it a hub for the sport in Western India.

Jan 10, 2024 18:01

2036 Olympics bid: Guj forms co. to build infra, budgets Rs6000cr

The Gujarat government has formed a separate company and earmarked Rs 6,000 crore to build six sports complexes to host the 2036 Summer Olympic Games in case India wins the bid for the quadrennial multi-discipline sporting extravaganza, an official said on Tuesday.

Dec 21, 2023 18:12

ASICS unveils growth plans, targets 50 new stores by 2025

BENGALURU: Japanese sports performance brand ASICS is eyeing expansion in India by adding 50 new stores by 2025. In a press release issued Wednesday, ASICS stated that its first mono-brand store would open in 2026, giving Indian consumers access to an expanded global product portfolio.

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